Considérations démographiques sur les systèmes de retraite
Keyfitz Nathan and Gómez de Leon José. ? Demographic Considerations on Pension-Systems. As populations in developed countries age, the burden of pay-as-you-go pensions is increasing and consideration is again being given to a system of funding, where contributions do not depend on the age structure. Taking Bourgeois-Pichat's work as a basis, formulae are deduced here in a much simpler way which make it easier to compare the two systems. Changing from one system to another entails great difficulties. A pay-as-you-go system uses the contributions of the population of working age to pay pensioners who have not made any contribution themselves, in return for the right of the working population to be supported in their turn by the succeeding generation. This chain cannot be broken, but it would be advantageous to use a system of funding for the supplementary benefits which are from time to time added to the main pay-as-you-go pension. Funding has the further advantage of encouraging savings and allowing rates of interest to fall, thereby stimulating economic growth.
Year of publication: |
1980
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Authors: | Leon, José Gómez De ; Keyfitz, Nathan |
Published in: |
Population (french edition). - Institut National d'Études Démographiques (INED). - Vol. 35.1980, 04-mai, p. 815-836
|
Publisher: |
Institut National d'Études Démographiques (INED) |
Saved in:
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